EddieJayonCrypto

 6 Jan 25

tl;dr

Bitwise CEO Hunter Horsley believes that Bitcoin scarcity will become "dramatic" as the cryptocurrency gains more mainstream adoption, noting that there are only enough Bitcoins for approximately 1 in 3 of the estimated 58 million millionaires globally. BlackRock's disclaimer about Bitcoin's maximum...

Bitwise CEO Hunter Horsley predicts that Bitcoin scarcity will become "dramatic" as the cryptocurrency gains more mainstream traction. He notes that there are only enough Bitcoins for approximately 1 in 3 of the estimated 58 million millionaires globally.


BlackRock's disclaimer about the potential expansion of Bitcoin's maximum supply sparked debate, but BlackRock's Adam Back clarified it as meaningless legal coverage.


Data from BitInfoCharts reveals that only a small portion of Bitcoin addresses hold an entire coin, with a minuscule percentage owning more than 10 BTC. This rarity in ownership is attributed to Bitcoin's finite supply and scarcity, which supporters argue will further drive its price increases as it nears $100,000.


Additionally, Ethereum's Vitalik Buterin advocates for an "AI Pause Button" to drastically reduce global computing, while BlackRock's disclaimer on Bitcoin's maximum supply expansion is contrasted with the cryptocurrency's transparent and predictable scarcity, making it an attractive alternative to other assets.


The article also includes a disclaimer about the opinions expressed and financial information provided.

Disclaimer

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